Hello All - I have a question about BACKTESTING.
Is it always best to backtest your strategies/indicators and Price Action on a completely RANDOM currency pair or basically some security you’ve never traded before?? I ask this, because if it’s a security you’ve NEVER traded before I’m assuming you’ll have less of an idea of it’s over all direction?? For example, if you always have always USD/CAD pair you will already have an idea of its direction.
Also, should I backtest on multiple-time frames, but especially a lower time frame such as 15 min, 30 min or 1 hour so that I can actually see some movement in the day and test my strategies?? What are the advantages of multi-time frame analysis??
Any advice would be appreciated.
Thanks in advance.